Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-04-04

now before the public In the garb of an
aggressor upon the soil of the state of
Iowa. During the past twenty years the
Illinois Central has operated in Iowa
over leased llnes--that of the Dubuque
Il Sioux City between Dubuque and
Iowa Falls and that of the Iowa Falls &,
Sioux City between Iowa Fails and
Sioux City. These two lines were
merged into one under the lease and
constituted the Iowa division of the
Illinois Central. Together they covered
the country between Dubuque and Sioux
City. East of Dubuque the Illinois
Central owns its line to Chicago. lts
leased properly was therefore all in Iowa
and was composed of the two sections
named, the first from Dubuque westward
to Iowa Falls and the second from Iowa
Falls westward to Sioux City. Under
the terms Of the lease the interest of the
Illinois Central in these two sections
was to cease in October, 1887, provided
the Illinois Central gave notice by the
first OF April. 1887, of its. intention 10
discontinue the lease. In case it failed
TO give such notice the lease was to be
made perpetual to the Illinois Central
under the terms arranged twenty years
lago. Prior to the lst of April,
| 1887, the Illinois Central gave notice of
its surrender of its lease of that section
of the road lying between Iowa Falls
and Dubuque, namely the Dubuque &
Sioux City line. Previous to this
announcement the Illinois Central had
consummated the purchase of the sec
ton OF its leased line lying between
Iowa Falls and Sioux City, namely the
Iowa Falls & Sioux City. SO it now
owns the west (the Sioux City, and OF
the road and the east (the Chicago) end
OF the road. Between the two is the
Dubuque s. Sioux City, about $50 miles
of track, which 1t does not own and
which it declines to lease. The stock Of
this line has market value of fifty per
cent. The company which owns it de-
clines to sell for less than eighty per cent
1.-THE Illinois Central has" offered SIXTY
| per cent and will 60 no higher. Through
its ownership OF the eastern and western
termini of the route the Illinois Central
| has the Dubuque & Sioux City at dis
advantage and that company must either
sell or lease to some other system or con.
struct east and west connections. 1t is
not financially able to build and none
of the other great corporations are in
clinea to take the strip of road from the
hands of its owners. The situation
apparently places the Dubuque & siou,
; City within the grasp of the illinois Gen
trail and it can hardly do any
J Fthing else than sell to the latter. II
anticipation Of possible refusal to sell
the Illinois Central has placed. surveyors
in the field who are now running o lint
to parallel the Dubuque & Sioux CIty
all the way from Dubuque to Iowa Falls
II the Central managers cannot purchase
this connecting link they will duplicat,
5 | it and thus make their line continuou
from Chicago to Sioux City. y
It is therefore practically settled tina
the Illinois Central proposes to retain 1t
westward line as feeder to its Ne,
Orleans line, though it has adopted al
unlocked for pclicy in the consummatio
OF it's designs. The expectation was tha
it would renew the lease, but the deYel
opments chow that it prefers to own it
Iowa line. Out of this confusion come
a settled belief that the Illinois Centra
will build westward from LeMars an
! we have reason to belive that Yankto
e will be the objective point of its exter
t zion and the Missouri river terminus
: its system. Events are rapidly shapin
: in the interest of our city and not ii
n least in the list of fortuitous oircun
: stances in the elimination of the plar
:, OF the Illinois Central.
a
L .